What is the coverage amount for compulsory motorcycle insurance?
2 Answers
According to the insurance tier selected by the vehicle owner, the coverage amount is determined. Below is relevant information about compulsory traffic insurance: Introduction: The full name of compulsory traffic insurance is "Compulsory Traffic Accident Liability Insurance for Motor Vehicles." It is a mandatory liability insurance where the insurance company compensates for personal injuries, fatalities, and property losses (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured motor vehicle, within the liability limits. Fee Standard: Compulsory traffic insurance is China's first compulsory insurance system implemented by national law. Its premiums follow a nationally unified fee standard, stipulated by the state. However, the price of compulsory traffic insurance varies for different vehicle models, with the main influencing factor being the "number of vehicle seats."
The compulsory insurance coverage for motorcycles is determined by engine displacement. Having ridden for nearly a decade, I'm very familiar with these regulations. In our country, for lightweight motorcycles under 50cc, the property damage coverage is 1,000 yuan, while for those above 50cc it's 2,000 yuan. Additionally, there's personal injury compensation with a maximum limit of 110,000 yuan for death/disability and up to 10,000 yuan for medical expenses. I didn't understand this at first either, but after a minor accident, I learned these coverage amounts are just the legal minimums and might not be sufficient in serious cases. That's why I recommend getting commercial insurance supplements like third-party liability insurance for better risk coverage. Anyway, the annual premium for compulsory insurance is quite affordable - just tens to a couple hundred yuan for regular motorcycles - mainly for peace of mind and legal protection. Don't just focus on saving money; safety should come first.
